CERTIFICATE OF DEPOSIT
Okay on cash? Enjoy higher interest
If you're looking to earn higher interest and your business can part with having immediate access to some of your funds, consider opening a certificate of deposit (CD) — a savings certificate with a fixed maturity date. This secure investment typically provides higher interest rates on CDs with longer terms and higher balances.*
A few advantages of using CDs in your business is that unlike many other investments, CDs are simple to understand and set up, then left alone to gain interest for the duration of the term length. The set-and-forget nature of CDs makes them a good choice for today’s busy business owners who don’t want to bother with investments that need to be constantly monitored.
With term options ranging from 3 to 60 months, you can open a CD at Bank Iowa with as little as $500 and receive a fixed interest rate on your daily balance until the CD reaches maturity. Ask us about how you can begin enjoying this secure, FDIC-insured investment today!
* A CD restricts access to the funds until the maturity date of the investment — early withdrawal may result in penalties and reduce earnings.